Nama Chemicals' board of directors resigns

Nama Chemicals Co.'s board of directors has submitted its resignation today, Jan. 7, the company said in a bourse statement.

Chairman of the board, Saud Al Gosibi, and Vice Chairman Adnan Al-Nuaim also resigned.

These resignations are subject to the approval of the company's upcoming ordinary general meeting.

Major shareholders recently submitted a request for holding a general assembly meeting to vote on dismissing the existing board of directors and electing a new one, Argaam reported.